Missouri is set to embrace the world of sports betting as a result of a recent ballot measure. This move is set to have a significant impact on the state's economy and its relationship with sports fans. With the certification of the sports betting measure passing with a narrow margin, Missouri is now on the path to becoming one of the 38 states and Washington, D.C., that already allow this form of gambling.

Missouri's Sports Betting Revolution: A New Era Begins

Background and Certification

Fans in Missouri are about to experience a new era in sports entertainment. State election officials have officially certified that the sports betting measure passed with a slim 50.05% support in the November election. Although it has taken some time, this is a significant milestone for the state. Although the constitutional amendment is now in effect, actual betting will not start immediately. Under Missouri's measure, state regulators have been given a deadline of December 1, 2025, to launch sports betting operations. This gives them ample time to prepare and ensure a smooth transition into this new industry.

It's interesting to note that a total of 38 states and Washington, D.C., already allow sports betting, and this trend has been rapidly expanding since the U.S. Supreme Court cleared the way for it in 2018. Missouri is now joining this growing list of states, opening up new opportunities for both sports fans and the gambling industry.

Recount and Campaigns

Missouri allows for recounts on ballot questions within seven days after certification if the winning margin is less than 0.5% of the total votes cast. A spokesperson for Missouri Secretary of State Jay Ashcroft stated that a recount request would need to come from someone involved in one of the campaigns. However, the opposition group, Missourians Against the Deceptive Online Gambling Amendment, has announced that it does not plan to request a recount.

The $43 million supportive campaign, which set a record for a Missouri ballot measure, was primarily funded by DraftKings and FanDuel. These two companies dominate the nationwide sports betting marketplace. Additionally, the state's six major professional sports teams - the St. Louis Cardinals, St. Louis Blues, Kansas City Chiefs, Kansas City Royals, Kansas City Current, and St. Louis City soccer teams - contributed a combined $2 million to the campaign. This shows the significant interest and support from the sports community.

Impact on Sports and Communities

"Joining the 38 other states that already allow sports betting will allow us to further engage with our fans," said St. Louis Cardinals President Bill DeWitt III. This statement highlights the potential benefits that sports betting can bring to the state. By allowing fans to bet on their favorite teams, it can enhance the overall fan experience and create a more interactive and engaging environment.

At the same time, Missouri's constitutional amendment will allow each of the state's casinos and professional sports teams to offer on-site and mobile sports betting. This gives these entities the opportunity to generate additional revenue and expand their business operations. The teams will have control over on-site betting and advertising within 400 yards (366 meters) of their stadiums and arenas, creating a unique partnership between sports and gambling.

Taxes and Problem Gambling

Missouri will impose a 10% tax on sports betting revenue, which is below the national average of 19%. This lower tax rate is intended to attract more betting operators and stimulate economic growth. Under the initiative, at least $5 million annually in licensing fees and taxes must go toward problem gambling programs, with the remaining tax revenues going toward elementary, secondary, and higher education. This shows the state's commitment to addressing the potential negative impacts of sports betting and using the revenue to benefit society.

The fact that supporters turned to the initiative petition process to get the measure on the ballot after previous attempts to legalize sports betting stalled in the state Senate highlights the determination and support for this cause. It also shows that there is a growing demand for sports betting among Missourians.

Comparison with Other States

Although sports betting is available in most states, there are still some potentially lucrative markets, such as California and Texas, where it remains off-limits. In 2022, California voters defeated two rival proposals to legalize sports betting after interest groups spent roughly $450 million promoting or opposing the measures. This shows the complexity and political nature of legalizing sports betting in some states.

Missouri's decision to legalize sports betting sets it apart from these states and positions it as a leader in the industry. With its unique regulations and partnerships, Missouri is likely to attract both domestic and international betting operators, further boosting the state's economy.